The three-story, 115,000-square-foot building was developed by Sterling Equities on 2.84 acres at 505 Bi County Blvd.
Sterling Equities created the development site by subdividing its 12.12 acres at 500 Bi County Blvd., where it owns a 145,000-square-foot office building that’s nearly 90 per cent occupied. The 953-unit self-storage facility was built on a portion of an underutilised parking lot.
The project was headed by Frank Romano from Sterling Equities and Sandy Cohen from the property management firm Wachtler Knopf Equities. The development team included Racanelli Construction, Frank Relf of Melville-based Frank G. Relf Architects, Marc Pilotta of Key Civil Engineering in Holtsville and attorney John Farrell of Uniondale-based Sahn Ward Braff Coschignano.
“We completed a similar subdivision and development use back in 2020 at 909 Stewart Avenue in Bethpage,” Phil Wachtler, a principal at WK Equities, told LIBN. “We quickly saw the demand for this type of higher-level storage product and got to work on 505 Bi County Blvd. in Farmingdale. The pandemic and supply chain uncertainties presented our team with its share of challenges. Frank and Sandy were tasked to find quality solutions and create a truly first-class self-storage option for the Long Island consumer.”
The new Farmingdale CubeSmart facility brings self-storage units ranging from 5-foot by 5-foot to 15-foot by 25-foot.
“We are thrilled to bring a new best-in-class storage facility to Long Island,” said Todd Katz, a partner at Sterling Equities. “This modern property is the latest showcase of Sterling’s investment in local economic development and job creation, as well as the company’s commitment to the growing self-storage property sector.”
Though the Farmingdale facility is owned by Sterling Equities, it is managed and operated by CubeSmart, a self-administered and self-managed real estate investment trust.
CubeSmart is the third-largest owner and operator of self-storage properties with over 1,500 self-storage properties across the United States.
